Process Cost Accounting

Carl Carly Corp uses a process cost system to manufacture Wheat Bread.$$ The following information summarizes operations related to Wheat Bread for the year ending December $31.$

$$ Units$$ Direct Materials

WIP Inventory, October $1300$ $$250,000$

Started during the quarter$600$

Completed during the quarter$700$

Costs added during the quarter$$ $$900,000$

$$

Beginning work$-$in$-$process inventory was $40\%$ complete for direct materials.$$ Ending work$-$in$-$process inventory was $60\%$ complete for direct materials.$$ Using the Weighted Average method, and the FIFO method, find the following:

Equivalent Units of Production

Unit Cost

Transfer out cost

Ending WIP Inventory